DXC Technology (NYSE:DXC) Given Average Rating of "Reduce" by Analysts

DXC Technology (NYSE:DXC - Get Free Report) has been given an average rating of "Reduce" by the nine brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $20.11.

A number of brokerages recently issued reports on DXC. Royal Bank of Canada lifted their target price on DXC Technology from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Friday, August 9th. BMO Capital Markets upped their price objective on shares of DXC Technology from $17.50 to $22.00 and gave the company a "market perform" rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a report on Friday, September 6th.

DXC Technology Price Performance

Shares of DXC stock traded down $0.92 during midday trading on Thursday, reaching $19.86. 946,964 shares of the company were exchanged, compared to its average volume of 2,144,651. The company's 50 day moving average price is $20.61 and its two-hundred day moving average price is $19.37. The company has a market cap of $3.58 billion, a P/E ratio of 55.86, a PEG ratio of 1.77 and a beta of 1.67. DXC Technology has a 12 month low of $14.78 and a 12 month high of $25.14. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21.

DXC Technology (NYSE:DXC - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.17. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.14 billion. On average, sell-side analysts expect that DXC Technology will post 2.89 earnings per share for the current year.

Insider Transactions at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the transaction, the senior vice president now owns 83,746 shares of the company's stock, valued at approximately $1,789,652.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Mary E. Finch sold 31,047 shares of the company's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the sale, the executive vice president now directly owns 325,665 shares of the company's stock, valued at approximately $6,304,874.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction on Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the transaction, the senior vice president now owns 83,746 shares in the company, valued at $1,789,652.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DXC Technology

Several hedge funds have recently modified their holdings of DXC. William B. Walkup & Associates Inc. bought a new position in DXC Technology during the second quarter valued at about $26,000. Mather Group LLC. grew its holdings in shares of DXC Technology by 55.0% during the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company's stock worth $35,000 after purchasing an additional 581 shares in the last quarter. Family Firm Inc. bought a new stake in shares of DXC Technology during the second quarter valued at approximately $37,000. Fifth Third Bancorp increased its position in shares of DXC Technology by 40.1% during the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company's stock valued at $37,000 after purchasing an additional 559 shares during the period. Finally, Matrix Trust Co acquired a new position in shares of DXC Technology in the third quarter valued at $43,000. 96.20% of the stock is owned by institutional investors.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).